Here’s the Cherokee County GA Real Estate Sales Report for November 2018. This report gives detailed real estate market data for Cherokee County in November 2018.
We saw 17.2% fewer pending sales and 22.9% fewer closed sales in November, which is typical during the real estate market’s annual slow down for the holiday season. Unexpectedly however, the number of new listings increased by 1.9%, contributing to a 13% increase in the Cherokee County inventory of homes for sale, and a 14.8% increase in the months supply of inventory, which is now at 3.1.
Despite the increased inventory on the market, the average number of days a home is on the market until sale went down 8.3% to 44 days, and there were moderate increases in sales prices as well. The median sales price rose 5.8% to $275,000 and the average sales price rose 9% to $304,439.
There’s even more interesting details in the full report. To view the full November 2018 real estate sales report for Cherokee County, GA, just click here.
If you’ve been thinking about selling your home, try our Home Value Tool for a report on your home’s current market value, check out our Home Sold Guarantee, or learn more about selling your home. We’re here to help!
Call us today if you have a question about this report or are thinking of selling or buying a home in Cherokee County, GA. And, if you’d like to have a market report for a different county, we’d be glad to provide it.